SUMIDA: Investor News
SUMIDA CORPORATION announces the Mid-Term Business Plan (MTBP) Stage II, a three year business plan that will run from 2015 through 2017. In the fiscal year 2014, the final year of the preceding MTBP Stage I, consolidated total sales were 77.5 billion yen, exceeding the target of 60 billion yen thanks to the strong automotive-related sales in addition to the benefit generated by a drop in the yen’s value. In terms of profit, operating income was 3.3 billion yen compared to the target of 5 billion yen. Because Sumida has dollar-based cost structure, more-than-expected appreciation of the dollar against the yen had a negative impact on the profit by inflating the total costs. Transition from the dollar-based cost structure will be one of the challenges for Sumida in the Stage II.
MTBP Stage II will aim for 100 billion yen sales, 5 billion yen operating income and net income of 2.6 billion yen as well as more than 12% of ROE. The stage II will be a growth stage focusing particularly on profit.
- Priority Business Areas -
|
Automotive business
|
|
|
Industry Business
|
|
|
We will aim to achieve approximately 80% of total sales from automotive and industry businesses combined. |
- Major Strategies -
|
Please click on the press release link above to view the full pdf version of this item.
General Enquiries:
PR/IR Team
Tel: +81-3-6758-2473